Core Insights - Edelman Financial Engines has transitioned its technology stack to Orion, moving away from Envestnet, which it had used since 2018 [2][4] - This shift is significant for Orion, as Edelman is one of the largest registered investment advisors (RIAs) in the U.S. with over $308 billion in assets under management [1][3] - The change in technology providers comes amid leadership transitions at Edelman, including a new CEO and recent departures of key executives [4][5] Group 1: Company Transition - Edelman has fully onboarded its advisors to Orion's platform, which includes portfolio management, trading, data sharing, and advisor engagement tools [2][6] - The transition to Orion is expected to enhance the integration of systems and improve the tools available to planners, ultimately benefiting client experience [4][6] Group 2: Leadership Changes - Ralph Haberli has recently taken over as CEO of Edelman, succeeding Jay Shah, and has a background from Capital Group [4][5] - The firm has also seen the departure of its Chief Financial Officer and Chief Compliance Officer, indicating ongoing changes in its leadership structure [5] Group 3: Market Position - Orion manages approximately $5.8 trillion in assets under administration, while its competitor Envestnet manages around $7 trillion [3][6] - Edelman is majority-owned by Hellman & Friedman and has a minority stake from Warburg Pincus, with founder Ric Edelman being the largest individual shareholder [7]